November 12, 2019, 1:53

RDIF and Russian Federation Council to Host Major Regional Investment Forum

RDIF and Russian Federation Council to Host Major Regional Investment Forum

RDIF and Russian Federation Council to Host Major Regional Investment Forum
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Sputnik / Vladimir AstapkovichBusiness15:15 31.10.2019(updated 16:22 31.10.2019) Get short URL
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The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, and the Federation Council of the Russian Federal Assembly will host the ‘Investment in the Regions − Investment in the Future’ Forum on 7 November in Moscow.

The annual forum has become the largest platform for discussing investment matters related to the Russian regions’ development. The four sessions of the conference will be dedicated to drawing private capital to achieve the aims set out by the national projects.

During the previous forum, held in October 2018, the leading international companies and funds from 20 countries shared their successful experiences of investing in Russian regional projects, with more than 700 participants from 78 regions of Russia.

The Russian Direct Investment Fund (RDIF) is Russia’s sovereign wealth fund founded in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. 

Currently, the RDIF has experience in the successful joint implementation of more than 70 projects with foreign partners totalling more than 1.5 trillion RUB and covering 95% of the Russian regions. RDIF portfolio companies employ more than 800,000 people and earn revenues which account for more than 6% of Russia’s GDP. The RDIF established joint strategic partnerships with leading international co-investors from more than 15 countries, valued at more than $40 billion. 

Sourse: sputniknews.com

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